Float Capital Limited: Insolvency and Companies Court Application Hearing (CR-2024-002903)
Float Capital Limited (Company No. 11406159) is scheduled for a remote application hearing in the Insolvency and Companies Court on 23 July 2026. Registered under case number CR-2024-002903, the matter proceeds while the company remains in formal liquidation. For creditors, legal advisers, and insolvency professionals, post-liquidation applications typically indicate complex asset recovery efforts or liquidators seeking specific directions under the Insolvency Act 1986.
Hearing details
| Detail | Case Information |
| :--- | :--- |
| Company | Float Capital Limited (11406159) |
| Case Number | CR-2024-002903 |
| Hearing Date | 23 July 2026 |
| Time | 11:00 am |
| Jurisdiction | Insolvency and Companies Court (High Court) |
| Format | Remote (Microsoft Teams) |
| Case Type | Application |
Expert analysis: Post-liquidation court applications
Float Capital Limited previously operated under SIC code 64999 (Financial intermediation not elsewhere classified). Its registered office now sits with Restructuring and Recovery Services (RRS) S&W Partners LLP, confirming the active management of the estate by professional insolvency practitioners.
Insolvencies in the financial intermediation sector frequently involve complex loan books, disputed security interests, and occasionally, regulatory overlap with the Financial Conduct Authority (FCA). When a financial intermediary enters liquidation, the appointed practitioners must meticulously unpick client funds from company assets.
When an application appears on the cause list for a company already in liquidation, it rarely concerns the initial winding-up order. Instead, office-holders frequently use these hearings to enforce compliance. Under sections 234 to 236 of the Insolvency Act 1986, liquidators can apply to the court to compel former directors, bankers, or connected parties to hand over company property, records, or submit to private examination. Applications may also relate to challenges against proofs of debt, or seeking sanction to distribute funds where creditor claims are disputed.
Worked scenario: Enforcing director cooperation
Consider a typical scenario in financial intermediation insolvencies. A liquidator identifies a series of pre-appointment transfers to a connected offshore entity. The former directors fail to respond to statutory questionnaires regarding these transactions. The liquidator files an application (similar to CR-2024-002903) seeking a court order under section 236 to force the directors to produce the underlying loan agreements and bank statements. If the court grants the order and the directors default, they face committal for contempt. This mechanism is vital for maximising realisations for unsecured creditors.
Immediate actions for creditors and counterparties
Creditors with financial exposure to Float Capital Limited should review their position immediately, as court applications can directly impact the timeline and quantum of dividend distributions.
1. Verify Proof of Debt: Confirm that your claim has been formally lodged with the liquidators at S&W Partners LLP. Do not assume that because you were owed money, the liquidator automatically has your details.
2. Review Security Interests: If you hold a fixed or floating charge over the company's assets, confirm its registration and priority status. Professionals can review company charges on Companies House to ensure their security is perfected and cannot be challenged by the liquidator.
3. Assess Contingent Recoveries: Monitor the liquidator's progress reports (Form LIQ14) on the Companies House register. Successful court applications often increase the asset pool available for dividend distribution.
4. Check Statutory Notices: Cross-reference the appointment dates published in The Gazette to calculate the exact look-back period for any potential preference claims or transactions at an undervalue.
Modernising insolvency monitoring
Traditionally, credit controllers and legal teams track insolvency progress manually. This involves diarying dates to check the High Court cause list, manually refreshing Companies House for new LIQ02 or LIQ14 filings, and searching The Gazette for creditor meeting notices. This fragmented approach consumes billable hours and risks missing critical deadlines for lodging claims or challenging liquidator remuneration.
Using Corp Intel, professionals automate this oversight. You can set up free company monitoring to receive immediate alerts the moment a new insolvency document is filed. Furthermore, to assess contagion risk across a broader corporate group, users can execute a winding up petition search to detect early-stage enforcement action against connected subsidiaries before they enter formal liquidation.
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Disclaimer
This report summarises entries on the published court cause list. Presentation of a petition or an application is not a determination of insolvency or liability; the outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.